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Tag Archives: taxes

Legal fees can grow quickly for cities

With attorneys commonly charging $100 to $150 per hour, it can take a big bite out of a city’s finances for legal fees, especially for cities that have been involved in annexation battles. In the 2013 calendar year, the City of Biloxi paid $581,741 to one law firm, Page, Mannino, Peresich & McDermott, PLLC. Biloxi paid another $127,088 to Michael ...

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Mississippi's revenue buoyed by corporate tax collections

By Bobby Harrison JACKSON, Mississippi – State revenue collections continue to be strong, outpacing by 7.6 percent what was collected during the same time period last year, thanks in large part to a surge in corporate tax collections. Strong collections for the current year come on the heels of the previous two years where tax collections grew by more than ...

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New online filing system at Mississippi DOR set for those that file Sales and Use Taxes

Beginning Oct. 7, businesses that file Sales and Use Taxes in Mississippi will use the Department of Revenue’s new online filing system accessed through the Taxpayer Access Point (TAP.) Those taxpayers that file Withholding Tax or Corporate Tax already use this system. With the October 7 implementation, most taxes administered by the DOR are included in the system allowing taxpayers ...

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SCOTT: As the taxes turn

One of the notable changes in 21st century living is the decline of that classic daytime TV staple: The soap opera. While a few still hold on, many such as “As the World Turns” and “The Guiding Light” have gone the way of the dinosaur. These were longtime favorites of viewers and advertisers, but they are no more. This scenario ...

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CRAWFORD: Is your favorite tax break safe?

Have you asked your senators to save your favorite tax break? Senate Finance Committee Chairman Max Baucus (D-Montana) and Ranking Member Orrin Hatch (R-Utah) have given senators until July 26th to tell them what tax breaks need to be saved as they begin writing tax reform legislation. In a letter to colleagues late last month, the two senators announced they ...

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CRAWFORD: Is your favorite tax break safe?

By Bill Crawford Have you asked your Senators to save your favorite tax break? Senate Finance Committee Chairman Max Baucus (D-Montana) and Ranking Member Orrin Hatch (R-Utah) have given senators until July 26th to tell them what tax breaks need to be saved as they begin writing tax reform legislation. In a letter to colleagues late last month, the two ...

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SCOTT: Several important post-April tax developments

As another year’s tax day filing deadline came and went, several interesting, and potentially significant, tax-related developments surfaced that have a direct or indirect impact on us here in Mississippi. One development took place next door in Louisiana, another here, while the third emanates from Washington, D.C. First, in Baton Rouge in early April, Gov. Bobby Jindal reversed course on ...

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CRAWFORD: Reshoring output requires STEM input

Reshoring is the catchy name used to describe efforts to bring manufacturing jobs back to America. It includes the return of jobs “off-shored” or “out-sourced” by U.S. companies as well as jobs brought to America by direct foreign investment. While General Electric, Caterpillar and Ford have brought jobs back to the U.S., we see more direct foreign investment jobs. The ...

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Errors and record mismanagement can be costly

It’s the little things that can get taxpayers. Simple math errors, poor penmanship or hurriedly filling out your tax form at the last minute account for loads of filing errors. And those slip ups, which typically happen with paper returns, give the Internal Revenue Service another opportunity to tout the benefits of filing taxes electronically. “We strongly suggest that people ...

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